Sterling Financial Planning Inc. Takes $216,000 Position in Lam Research Corporation $LRCX

Key Points

• Sterling Financial Planning Inc. has acquired a new stake in Lam Research Corporation, purchasing 2,220 shares valued at approximately $216,000.
• Several institutional investors, including BankPlus Wealth Management and ORG Partners LLC, have also increased their stakes in Lam Research during the second quarter, reflecting strong institutional interest.
• Lam Research recently announced an increase in its quarterly dividend from $0.23 to $0.26, with an annualized yield of 0.8% and a payout ratio of 25.00%.

Sterling Financial Planning Inc. bought a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,220 shares of the semiconductor company's stock, valued at approximately $216,000.

Other institutional investors have also modified their holdings of the company. BankPlus Wealth Management LLC lifted its stake in shares of Lam Research by 2.0% in the second quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company's stock worth $511,000 after buying an additional 105 shares in the last quarter. ORG Partners LLC lifted its stake in shares of Lam Research by 7.3% in the second quarter. ORG Partners LLC now owns 1,676 shares of the semiconductor company's stock worth $162,000 after buying an additional 114 shares in the last quarter. Fairvoy Private Wealth LLC lifted its stake in shares of Lam Research by 3.0% in the second quarter. Fairvoy Private Wealth LLC now owns 4,185 shares of the semiconductor company's stock worth $407,000 after buying an additional 120 shares in the last quarter. Abundance Wealth Counselors lifted its stake in shares of Lam Research by 1.1% in the second quarter. Abundance Wealth Counselors now owns 11,537 shares of the semiconductor company's stock worth $1,123,000 after buying an additional 124 shares in the last quarter. Finally, First Pacific Financial lifted its stake in shares of Lam Research by 7.7% in the second quarter. First Pacific Financial now owns 1,766 shares of the semiconductor company's stock worth $172,000 after buying an additional 126 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Ratings Changes

LRCX has been the topic of several research reports. Barclays set a $83.00 price target on shares of Lam Research and gave the stock an "equal weight" rating in a research note on Monday, July 28th. The Goldman Sachs Group raised their price target on shares of Lam Research from $115.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, October 8th. B. Riley raised their price target on shares of Lam Research from $130.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. UBS Group raised their price target on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, Argus boosted their target price on shares of Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 1st. Twenty-three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Lam Research has an average rating of "Moderate Buy" and an average price target of $123.80.

Insider Activity

In other news, SVP Vahid Vahedi sold 52,190 shares of the business's stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the sale, the senior vice president directly owned 251,047 shares of the company's stock, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.31% of the company's stock.

Lam Research Stock Performance

NASDAQ:LRCX opened at $138.31 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The firm has a market capitalization of $174.41 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 1.67 and a beta of 1.84. The company's 50-day moving average is $116.42 and its two-hundred day moving average is $95.48. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $153.70.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. Lam Research's revenue was up 33.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be paid a $0.26 dividend. This is a positive change from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. Lam Research's payout ratio is presently 25.00%.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.

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